News coverage about Proto Labs (NYSE:PRLB) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Proto Labs earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.3989221405908 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Proto Labs (PRLB) opened at 79.65 on Wednesday. Proto Labs has a 52 week low of $43.10 and a 52 week high of $82.50. The stock has a market cap of $2.12 billion, a PE ratio of 46.31 and a beta of 0.99. The firm has a 50-day moving average of $74.99 and a 200 day moving average of $66.51.
Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. The firm had revenue of $82.04 million for the quarter, compared to the consensus estimate of $80.49 million. Proto Labs had a net margin of 14.59% and a return on equity of 11.75%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. On average, equities analysts forecast that Proto Labs will post $2.06 EPS for the current fiscal year.
Several brokerages have commented on PRLB. Dougherty & Co upgraded shares of Proto Labs from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 27th. BidaskClub cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $67.00 price target on shares of Proto Labs in a research note on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Proto Labs currently has a consensus rating of “Hold” and an average price target of $56.00.
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In other news, VP Robert Bodor sold 741 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $73.84, for a total value of $54,715.44. Following the transaction, the vice president now directly owns 17,319 shares of the company’s stock, valued at $1,278,834.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.78% of the company’s stock.
Proto Labs Company Profile
Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.
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